Favorable macro environment: Formula of investment activity growth under the economic paradigm shifted

Abstract

The article presents the results of study of the impact of the macro environment on investment activities in the Russian Federation for the period 1990-2014. The constructed economic and mathematical models, confirming quite substantial relationship between the dynamics of gross investments in fixed capital and the dynamics of gross profit as a potential source of financial investment in most of sectors of the Russian economy, indicate the need for a qualitative improvement of the macro environment in order to stimulate investment activity in the country during the passage to a new industrial development. The conclusion is that the neo-industrial investments (science-based, high-technology and innovative) act as a key condition for sustainable overcoming of the deindustrialization of production forces, as well as for the passing of the Russian economy to a new development paradigm. The article also makes recommendations regarding the creation of a favorable macro environment for investment activity of economic entities when shifting the paradigm of social and economic development. The recomendations envisage: optimization and reduction of the tax burden; maintenance of macro-economy ratio of profitability, interest rates and inflation; formation of a system of insurance against risk; state support of investments; reducition of corruption in the investment sphere.